As the British economy heads straight for the doldrums, the City is struggling too. Recent moves by the London Stock Exchange designed to see off encroaching rivals may cost the lse custom rather than increase it. And even if the 300-year-old market can change its ways, the financial centre it buttresses may well be shaky. The signs are not good.rnThis week the lse slashed its trading fees to match those of electronic trading platforms (known as mtfs), and said it would allow ultra-fast computerised traders to put their machines close to the lse's own computers. This will save the increasingly important program traders precious nanoseconds between sending an order and executing the trade.
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